Ascent Group LLC Decreases Stock Holdings in Honeywell International Inc. $HON

Key Points

• Ascent Group LLC reduced its stake in Honeywell International by 16.9% during the second quarter, now holding 7,516 shares worth approximately $1.75 million.
• Honeywell International plans to increase its quarterly dividend from $1.13 to $1.19 per share, representing a dividend yield of 2.3% and a payout ratio of 51.42%.
• Research analysts have mixed ratings on Honeywell stock, with price targets ranging from $230.00 to $271.00, and a consensus rating of "Moderate Buy."

Ascent Group LLC decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 16.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,516 shares of the conglomerate's stock after selling 1,530 shares during the period. Ascent Group LLC's holdings in Honeywell International were worth $1,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Nuveen LLC purchased a new position in Honeywell International in the 1st quarter valued at $1,150,929,000. Wellington Management Group LLP lifted its holdings in Honeywell International by 8.9% in the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock valued at $3,335,476,000 after purchasing an additional 1,293,137 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Honeywell International by 64.6% in the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate's stock valued at $561,634,000 after purchasing an additional 1,041,273 shares in the last quarter. Vista Cima Wealth Management LLC purchased a new position in Honeywell International in the 1st quarter valued at $164,000. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Honeywell International by 592.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate's stock valued at $183,728,000 after purchasing an additional 742,281 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on HON shares. Wells Fargo & Company decreased their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Barclays lifted their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Honeywell International in a report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft lifted their price target on Honeywell International from $268.00 to $271.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Royal Bank Of Canada reduced their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of "Moderate Buy" and an average target price of $254.79.

Honeywell International Stock Down 0.9%

Shares of NASDAQ:HON opened at $209.05 on Friday. The business has a 50-day moving average price of $215.63 and a 200 day moving average price of $217.40. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $132.73 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 2.36 and a beta of 1.06. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The company's quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company earned $2.49 EPS. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's dividend payout ratio is 51.42%.

Insider Activity

In related news, CEO Lucian Boldea sold 42,149 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the sale, the chief executive officer directly owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company's stock.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.

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